Young people and pensioners are usually the most extreme and sensitive categories when analyzing the market. With diametrically opposed needs or similar, they represent the two extremes. Even in the real estate market, one cannot fail to refer to this very marked distinction.
Different needs, opposite behaviours and different timescales. Today, in our mini guide today, we have decided to analyse precisely their behaviour in relation to real estate. How do young people and pensioners look at the real estate market?
Well let’s find out right now! Let’s get started!
Let’s start with the motivations that push pensioners to buy a property. According to the data collected, worldwide, the purchases made represent 8% of the total. A percentage that seems to remain stable. And analysing the situation further, 61% of individuals buy a main house. 23% to invest. 9 % to secure a place to relax and enjoy retirement. Although the latter section is down from last year.
Only 12% use a mortgage or various aids, the rest are able to buy a property without direct intervention by the credit institutions.
What are the most popular types for pensioners ?
In first place are the three-room apartments, followed by two-room and four-room apartments. Among the latter we remember the villas and luxury properties. But also the rustic and independent houses.
Let’s start with the age group. Young people who buy a house are between 18 and 34 years old. Usually they opt for rented furniture. But, as already stated in previous guides, young Millennials are increasingly entering the buying and selling market.
Thirty-one per cent of them have chosen rented property, while 60 % have signed a sales contract. This reversal of the trend is also due to the fall in prices.
To answer this question, the results in our possession are quite clear. Studios have lost interest from younger investors. While the more independent and luxurious solutions are more popular. Of course, many of these young people buy a property with the help of their parents.
How will the real estate market evolve due to the choices of these particular investors ? Undoubtedly, these needs reported above, it is not said that they cannot change. On the contrary. As society changes, so do investors and all levels of the economy. It is assumed that more and more people will try to invest and sign contracts of sale and purchase rather than rent. But you know, it is all a mystery when it comes to the property market. So, to find out more, all you have to do is continue to follow our column!
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